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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (59619)	7/13/2017 1:17:17 AM
From: Paul Senior	1 Recommendation Recommended By staring Read Replies (1) \| Respond to of 78483

I2, re JPM. Have a small position. Am holding on, hoping/expecting the stock may hit $100 by yearend. But of course, who knows? Shoulda/coulda/but dint buy more shares when ceo J. Dimon announced he'd bought $millions worth in open market (in 2015 @$63 ---- thirty points ago.) Solid company it seems. Doesn't seem to be cheap now -- p/e at 14 vs. 10-year median of 11.4. Safe or conservative? I don't know. If you have a sizable position, but know nothing about the company, then I have to say for you, this is not a safe or conservative stock. Or, in the same vein as Groucho Marx who said he wouldn't want to be a member of any country club that was willing to have him as a member --- if you have to ask me for an opinion on whether the company is a conservative or value stock -- then maybe it's not a conservative or value stock for you. I might reduce my JPM position if I had a sizeable position. But if you do that, then you're left with the problem of where would you deploy the cash? What company or companies would have better prospects than JPM with less risk to make it attractive to reduce the JPM position? I don't have an answer for you specifically for that.